Weekly Fundamental Forecast: Markets Look for Footholds to Keep Stocks, Oil Rising and Dollar Steady
Australian Dollar bulls have had a great week as various stars align over their currency, taking it up to two-month highs against the greenback. Can they count on more of the same? Possibly not
Crude oil prices may continue to catch a bid as the OPEC and its allies remain committed in rebalancing the energy market.
A disappointing week for Sterling bulls occurred as positive sentiment started to wane after the EU refused to consider reopening discussions on the Irish backstop.
There are no ‘high’ rated events due out in the days ahead for the Euro, meaning external factors like Brexit and the US-China trade war negotiations will dominate price action.
The US Dollar may trade broadly higher in the week ahead as a dour turn in market sentiment stokes haven-seeking demand for the benchmark currency
Gold prices surged in response to a dovish Fed as a weak US Dollar combined with safe-haven demand helped the commodity continue its upside breakout.
US stock markets will begin to wind down earnings season this week with notable reports from Google and BP still to come. The FTSE will look to the Bank of England.
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